Tallinn, the capital of Estonia. The clinics have an excellent long-term reputation as a dental care provider, loyal set of patients and renowned professional medical personnel. “Investing in Kaarli Hambapolikliinik fits well into our long-term strategy to expand the group of clinics in DenCap’s portfolio. As a joint group the companies have better development opportunities and we look forward to the beginning of this co-operation,” Kõdar added.

Laidar Laos, representing the current owners of Kaarli Hambapolikliinik OÜ noted that theinitiative for the transaction came from BaltCap. “We found that we share the same values and similar vision about the future of the company and brand. Also, I have no doubt that the already started developments will be successfully completed by the new

owner. Our staff is like a family characterized by professionalism and customer driven approach and this being valued by BaltCap was crucial for us.”

BaltCap has a long experience in the medical sector and is strongly established in the field. BaltCap is or has previosly been the owner of several well known companies in the Estonian medical sector: occupational health care company Qvalitas, the largest medical laboratory services provider Synlab (ex Quattromed) and clinical research organization eGeen. BaltCap also owns Unimed Group and their dental clinics in Tallinn, Tartu and Pärnu, as well as a dental laboratory Dental Design. In Lithuania, BaltCap is the owner of InMedica chain of primary care and specialized clinics, and Labochema, which offers laboratory supplies in the Baltics.

The transaction enters into force after obtaining approval from the Competition Authority, which is expected during Q4.

As a result of the transaction, the dentistry companies in BaltCap’s portfolio will jointly be in a stronger position, especially in maintaining and improving the quality of care through the increased training opportunities for doctors, the purchase of treatment support services and the development of support structures (such as information technology). Significant benefts also arise for dental laboratories to be a strong partner for a large number of dental clinics.

Kaarli Hambapolikliinik OÜ has been operating consistently since 1998. The main activity of the company isproviding specialized dental services. It has four operating entities – Kaarli Dental Clinic, Sõpruse Dental Clinic, Ülemiste Dental Clinic and Kaarli Dental Laboratory all based in Tallinn. Across all units, the company has 43 m

odern treatment rooms with highly-qualified specialists. In 2017, the clinics had 91,801 patient visits and the turnover was €9.4 million.